Monthly Archives: December 2016

Three of the Best Tax Planning Strategies Explained

By |2017-04-24T09:24:54-05:00December 12th, 2016|Agriculture, Tax, Tax Services|

Susan Voss, CPA, one of the heads of the TD&T Ag team, provides the next installment in her series on helping farm families understand and respond to changes in agribusiness. During tax planning season at most CPA firms, three basic strategies allow a tremendous amount of flexibility to the agricultural clients we serve: defer, prepay, [...]

How Well-prepared Are You For Long-Term Care?

By |2019-05-14T09:47:05-05:00December 12th, 2016|Healthcare, Insurance, Long-Term Care|

This quarter’s article by  Joshua Buckingham, CPA, of TD&T's Oskaloosa office, provides helpful information on considering long-term care insurance options.   If you’re like at least 75% of baby boomers, you’re not well-prepared to cover the costs of long-term care for yourself or your spouse.  One fourth of baby boomers claim that they have long-term [...]

Tax Opportunities to Close Out 2016

By |2017-04-21T12:50:43-05:00December 12th, 2016|Healthcare, PATH, Tax, Tax Services|

In recent weeks, Congress has passed some key legislation that will affect taxes for 2016.  Most of these provide opportunities that may benefit you.  Here’s a summary from Brian K. Isom, CPA, Principal in our Burlington office. Health Reimbursement Arrangements for "Small Employers" Congress passed and President Obama signed into law the 21st Century [...]

IRS Proposed Regulations to Limit Use of Discounts

By |2020-01-03T09:20:40-06:00December 1st, 2016|Advisory, Estate Planning, Gifts, IRS|

The Internal Revenue Service is proposing regulations to limit the use of discounts when valuing gifts.  Currently there is a unified credit from federal estate tax that allows a lifetime or death-time transfer of $5,450,000 for an individual and $10,900,000 for married couples, tax free.  Any transfers above these limits have a federal estate tax [...]

Know the Difference Between Independent Contractors and Employees

By |2019-05-14T09:48:03-05:00December 1st, 2016|Employment, Tax, Tax Services|

When you hire someone for a long-term, full-time project or a series of projects that last for an extended period, you need to understand the difference between independent contractors and employees.  The Internal Revenue Service (IRS) and state regulators pay close attention to how employers categorize people who perform work for them. Getting it Wrong [...]

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